Calculate your Savings

Lower Tax Rates: Small businesses pay less than 17% tax, whereas money earned on a personal level can be taxed at up to 40%. Key Contractors can save an additional $2,800 per year by electing not to pay CPP and EI. Investing these savings into a savings plan will generally produce better retirement income than CPP. Our Financial Advisors will show the best set up for each contractor. Business Expenses: Our Contractors can deduct expenses and the ongoing operating costs for their business. Many of these costs were previously paid for in after tax dollars and were not tax deductible. Company Structure / Income: Contractors can take advantage of the use of dividends, other allowable forms of income when paying themselves.

The calculations shown on this page represent Alberta tax scenarios only. Contact us directly for other jurisdictions.

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